New-home sales dip in January as supplies decline

PORTLAND, OR, March 14, 2019 (RISI) -Sales of new single‐family houses in January 2019 were at a seasonally adjusted annual rate of 607,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.9%  below the revised December rate of 652,000 and 4.1% below the January 2018 estimate of 633,000.

The median sales price of new houses sold in January 2019 was $317,200. The average sales price was $373,100. The seasonally‐adjusted estimate of new houses for sale at the end of January was 336,000. This represents a supply of 6.6 months ...

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